BTC/USDT 1H chart review
Hello everyone, let's look at the 1H BTC to USDT chart, in this situation we can see how the price is moving in the local downward trend channel in which we very quickly saw a return to the lower border of the channel. Let's start, however, by defining the goals for the near future that the price must face:
T1 = $93,246
T2 = $94,045
T3 = $94639
T4 = $95,413
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $92462
SL2 = $91,530
SL3 = $90,550
Looking at the RSI indicator, we see
how we entered the downtrend again after dynamically exceeding the upper limit of the range.
T1 = $93,246
T2 = $94,045
T3 = $94639
T4 = $95,413
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $92462
SL2 = $91,530
SL3 = $90,550
Looking at the RSI indicator, we see
how we entered the downtrend again after dynamically exceeding the upper limit of the range.
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